“There are going to be rippling effects through the multifamily-condo world over the next 24 months. It’s going to seriously change the landscape of Florida beachfront living," said Colliers' Greg Main-Baillie.
November 22, 2022 at 03:53 PM
5 minute read
Florida Bureau Chief
Condo owners and associations are engaged in a fight for resources as they compete for necessary repairs in order to comply with the Building Safety Act.
It’s like the “Hunger Games,” according to Colliers’ Greg Main-Baillie, who works with condo associations, as he said there’s a race to meet the Building Safety Act’s deadline of December 2024 and to raise the funds to make the repairs.
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